Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of F.N.B. Corp (NYSE:FNB) by 23.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,019 shares of the bank’s stock after buying an additional 4,703 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in F.N.B. were worth $246,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. acquired a new stake in F.N.B. in the 3rd quarter valued at about $64,451,000. Macquarie Group Ltd. lifted its holdings in F.N.B. by 77.7% in the 3rd quarter. Macquarie Group Ltd. now owns 5,248,323 shares of the bank’s stock valued at $66,759,000 after purchasing an additional 2,294,054 shares in the last quarter. FMR LLC lifted its holdings in F.N.B. by 7.2% in the 2nd quarter. FMR LLC now owns 16,787,190 shares of the bank’s stock valued at $225,284,000 after purchasing an additional 1,125,120 shares in the last quarter. EJF Capital LLC lifted its holdings in F.N.B. by 190.2% in the 3rd quarter. EJF Capital LLC now owns 1,324,330 shares of the bank’s stock valued at $16,845,000 after purchasing an additional 867,930 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its holdings in F.N.B. by 12.3% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 4,517,587 shares of the bank’s stock valued at $57,464,000 after purchasing an additional 495,729 shares in the last quarter. Institutional investors own 78.94% of the company’s stock.
A number of research analysts have issued reports on FNB shares. TheStreet lowered shares of F.N.B. from a “b-” rating to a “c+” rating in a report on Friday, December 21st. Zacks Investment Research lowered shares of F.N.B. from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $16.00.
Shares of FNB stock traded up $0.14 during trading hours on Tuesday, hitting $12.11. 10,675 shares of the company were exchanged, compared to its average volume of 2,761,139. The firm has a market cap of $3.85 billion, a P/E ratio of 10.59, a PEG ratio of 1.08 and a beta of 1.22. F.N.B. Corp has a 1 year low of $9.35 and a 1 year high of $14.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.82 and a quick ratio of 0.81.
F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Tuesday, January 22nd. The bank reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The business had revenue of $300.67 million for the quarter, compared to analyst estimates of $303.18 million. F.N.B. had a net margin of 25.65% and a return on equity of 8.42%. During the same period in the prior year, the firm posted $0.24 EPS. Analysts expect that F.N.B. Corp will post 1.16 earnings per share for the current fiscal year.
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F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through four segments: Community Banking, Wealth Management, Insurance, and Consumer Finance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.
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